FKLI
FKLI Spot Month Futures - 2 Dec 2025
Tue, 02-Dec-2025 09:11 am
by Dealing Team • Apex Futures

FKLI
Pivot
1624
Resistance
1636 / 1641 / 1646 / 1650
Support
1630 / 1626 / 1622 / 1617
Possible Range
1620 to 1650
Strategy
Long positions may be opened above 1630 with targets at 1636/1641 and stop-loss at 1625
Short positions may be opened below 1630 with targets at 1626/1622 and stop-loss at 1635

FKLI Dec month jumped 16 points or 0.99% to close at 1631.5. The FBM KLCI kicked off the first day of December trading on a strong note, climbing to its highest level in nearly two weeks despite a broadly cautious broader market.

The Dow Jones index dropped 427 points to close at 47289 on previous session. Global shares fell and U.S. Treasury yields rose on Monday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts. Equities on Wall Street finished lower, with utilities, healthcare and industrial stocks leading losses. Energy stocks were the top gainers as Brent crude prices settled up more than 1%.

The FKLI active contract closed with strong gains in the previous session. However, the broader trend still appears to be moving within a sideways range, with the lower boundary at 1600–1605 and the upper boundary near 1645–1650. The strong upward movement seen in the last session may continue to support buying momentum in the short term, especially if the immediate resistance at 1636–1640 is broken. A breakout above this level may open the path toward the upper range.

For the short term, as long as the index holds above 1627–1630, the buying bias is likely to remain intact. Failure to hold above this zone may trigger a pullback, although the downside is expected to be limited, with crucial support seen at 1624–1625. Immediate support and resistance levels are identified at 1630 and 1636, respectively. Beware of any potential sentiment changes.

(News Source: The Star; Reuters)

Read more details in:

Disclaimer

The report is for internal and private circulation only and shall not be reproduced either in part or otherwise without the prior written consent of Apex Securities Berhad. The opinions and information contained herein are based on available data believed to be reliable. It is not to be construed as an offer, invitation or solicitation to buy or sell the securities covered by this report.

Opinions, estimates and projections in this report constitute the current judgment of the author. They do not necessarily reflect the opinion of Apex Securities Berhad and are subject to change without notice. Apex Securities Berhad has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Apex Securities Berhad does not warrant the accuracy of anything stated herein in any manner whatsoever and no reliance upon such statement by anyone shall give rise to any claim whatsoever against Apex Securities Berhad. Apex Securities Berhad may from time to time have an interest in the company mentioned by this report. This report may not be reproduced, copied or circulated without the prior written approval of Apex Securities Berhad.

Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.116228 4.149111
EUR 4.800323 4.805223
CNY 0.584269 0.584863
HKD 0.528729 0.532442
SGD 3.178741 3.201165